My decade+ of silver stacking - strategy and lessons learned (1.2m oz and counting)

Andrew Roberts

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My decade+ of silver stacking - strategy and lessons learned (1.2m oz and counting)

andrew_roberts👑Elite (1m-5m)

about 5 hours ago

Key Takeaways

•Thought I'd share a bit of my silver journey for those just getting started or still weighing their options.
•Initially, I dabbled a bit in gold, but silver just clicked with me more, especially with its industrial demand profile.
•My strategy from day one has been pretty straightforward: accumulate cheap, store safely, and don't panic sell .

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Thought I'd share a bit of my silver journey for those just getting started or still weighing their options. I've been pretty heavy into precious metals for a long time now – probably close to 15 years, starting really digging in after the '08 financial crisis. Initially, I dabbled a bit in gold, but silver just clicked with me more, especially with its industrial demand profile.

My strategy from day one has been pretty straightforward: accumulate cheap, store safely, and don't panic sell. I started small, buying a few tubes here and there, mostly Eagles and Maples when premiums were reasonable. Over time, as my business ventures paid off and I started moving towards retirement (official 'retired CEO' status since '18!), I really ramped it up. I'm well north of 1.2 million ounces now, mostly in 100oz bars and 1000oz COMEX bars. I still pick up fractional stuff for fun or gifts, but the bulk is in big boy bars. Living down here in Palm Beach, I've got a secure setup, and also leverage professional storage for the lion's share. It’s not just about wealth preservation for me; it’s a tangible asset that feels, well, real in a way no paper asset ever will.

The mental game is crucial with stacking. There have been plenty of times where silver took a dive, and the temptation to cash out for a quick buck was there. But I stuck to my guns, focusing on the long-term fundamentals and the erosion of fiat purchasing power. My average cost basis is pretty solid, so I've seen some fantastic gains over the years. I've also learned that chasing every dip or peak is a fool's errand – consistency beats timing almost every time. What are some of your biggest mental hurdles when it comes to holding precious metals long-term? I'm always curious to hear others' perspectives.

5 comments

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Best Answer▲ 9 upvotes

susan_clark💰Established (100-250k)

That's an insane stack! Congrats on the dedication. I'm curious, for someone with that much silver, what's your storage solution look like? Are we talking multiple safes, or something more... industrial?

Comments (5)

joseph_harris📊Growing (50-100k)•less than a minute ago

Dude, 1.2M oz is insane! Serious goals right there. I'm nowhere near that, but I totally get the post-08 dive into stacking. That's exactly when I started looking into it too – mostly silver, but a bit of gold when I could swing it. It's a different world out there now, but the core reasons for holding still resonate. Congrats on the epic stack!

susan_clark💰Established (100-250k)Real Investor•less than a minute ago

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Dude, 1.2M oz is seriously impressive! No doubt you've done incredibly well with silver. But I gotta wonder if you ever look back and think about the opportunities you might've missed by being so heavily concentrated?

I get the appeal of silver, especially after '08, but gold's track record as a store of value, particularly in times of inflation or geopolitical uncertainty, is just a different beast. Not saying silver is bad, just that a more diversified PM portfolio might have provided even greater stability or growth over such a long haul. Just a thought!

sharon_evans💰Established (100-250k)Real Investor•less than a minute ago

Awesome post! Really appreciate you sharing your insights after so many years in the game. It's always great to hear from people with long-term experience.

For anyone looking to diversify beyond physical, I’ve found Sprott Money's blog to be consistently informative for market analysis and understanding the larger economic picture surrounding precious metals. They often have good takes on the gold-silver ratio too, which can be super helpful for timing those switches.

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Dude, 1.2M oz? That's insane, massive respect! Sounds like you've been doing something very right for a long time. I'm definitely in agreement with your strategy of getting in after the '08 crisis; I started stacking around 2010 myself, albeit on a *much* smaller scale. Managed to pick up a decent amount of silver then before things really took off. Wish I had your foresight (and capital!) to go that hard, though!

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